EVault

News

Seagate Technology (NYSE:STX) today announced the signing of a definitive agreement to acquire privately-held EVault, Inc., a leading provider of online backup services, as part of its effort to extend the company’s storage solutions offerings and strength.

EVault, Inc. announced today that its chairman, Alston M. Noah, has resigned and that the board of directors has elected current board member Linwood A. “Chip” Lacy.

Status

Exited

Acquirer

Fund

River Cities Fund III

Year Invested

2001

City and State

Emeryville, CA

Testimonial

River Cities has been extremely supportive - not only with their investment, but with their coaching on almost every aspect of our business. Put another way, River Cities Capital Funds represents a tremendous resource that comes in a very user-friendly package.

— Phil Gilmour, CEO, EVault, Inc.

ABOUT RIVER CITIES CAPITAL FUNDS

River Cities Capital Funds is one of the most active and experienced growth equity funds in healthcare and information technology. With over $500 million raised to date and more than 100 investments made, we have established ourselves as a preferred partner among the entrepreneurial and private equity communities.